The "Four Tigers" of East Asia are the newly industrialized countries of Taiwan, South Korea, Hong Kong, and:

Refer to the above table. What is the absolute price elasticity of demand when a price rises from $8 to $8.50?

A) 5.15 B) 1.94 C) 0.515 D) 0.194

A fixed-weight price index provides less accurate changes than a chain-weighted system

a. True b. False Indicate whether the statement is true or false